Buy Maternity Insurance at PolicyBazaar

Maternity Insurance Plans Cover Delivery Charges: Cover pregnancy expenses with maternity insurance policy. PolicyBazaar offers unbiased comparison of plans from the top insurers.

  • Get Best Maternity Insurance Policy online
  • Lowest Premium On Maternity Insurance
  • Free Quotes from Leading Insurers

You are ready to move on the next important phase of life - Parenthood. Surely, it is a joyful decision but are you prepared? Yes, parenthood comes with a price. Rearing a child is an expensive affair. Hospital stay, delivery procedure, regular tests and medicines; all come with a heavy price. Maternity insurance plan can help ease off the rising costs so that you can enjoy the happiest moment of your life without any stress.

Buy Best maternity Insurance Policy

Click Here to Read More About Top Five Maternity Insurance Plans

What is Maternity Insurance?

It is usually offered as a rider with your main health insurance policy. Maternity insurance covers expenditure related to both caesarean and normal delivery. Health insurance with maternity benefit is a right way to lower the burden on your pocket. If you are a working professional, you should check whether your employer offers maternity in the group policy or not. In a majority of corporate group policies, maternity is an add-on benefit with a sub-limit not exceeding Rs 50,000.

  • Pre & post hospitalization:Pre hospitalization expenses up to 30 days prior to the date of admission is covered by insurance company. Even if you get discharge from the hospital, insurance company will cover post hospitalization expenses up to a maximum limit of Rs 5000 or more.
  • Hospitalization expenses:It covers room charges, boarding and nursing expenses along with surgeon, anesthetist consultation charges, medical practitioner and consultant fees. There are some insurance plans which cover emergency ambulance charges also.
  • Delivery including pre and post natal cover: It covers end-to-end expenses for delivery of child, including both normal & caesarean. These plans also cover post delivery complications for mother.
  • New born baby cover: Coverage is extended to infants if they are diagnosed with a congenital disorder or critical illness.

When to Seek Maternity Coverage?

Ideally, you should apply for maternity insurance before you conceive. Most insurers will deny cover if you are already pregnant. This happens because insurance companies term this case as pre-existing. Moreover, maternity policies have a waiting period of 3-4 years before benefits come into play. So, the rule of early bird gets the worm applies here. The key is proper planning.

Inclusions in Maternity Insurance

Here is a list of coverages available in a plan. Although, it may vary as per the insurer but broadly, every maternity health insurance plan will cover following expenses-

  • Expenses 30 days prior to hospitalization and 60 days post hospitalization
  • Pre and post natal expenses
  • Delivery expenses
  • Coverage for the new born baby up to the expiry of the current policy
  • Ambulance charges for emergency transportation to hospital

Read What Should you Check in Maternity Cover

Exclusions in Maternity Insurance Policy

A thorough understanding of exclusions in pregnancy insurance is imperative to ensure the optimum utilization of the plan. Below are expenses which are not included in the plan

  • Expenses on tonics, vitamins unless part of treatment or otherwise mentioned in the plan.
  • Doctor’s visit for regular checkups.
  • The follow-ups, diagnostic tests and doctor’s consultation during nine month of pregnancy are not covered.

Limitations of Maternity Insurance

Like a coin has two sides, maternity insurance has a few limitations too. Firstly, the sum insured may not be sufficient enough to cover maternity expenses. Insurance cap could vary between Rs 20,000- Rs 70,000, which may not be enough to cover delivery costs. Secondly, waiting period is usually 3 or 4 years. Though claims cannot be declined if the policy has been bought but there might be situations when the insurer refuses to pay in case of late pregnancy (35 years and above).

PolicyBazaar is with you, always!

Maternity is a new phase in your life and you should welcome it with a smile on your smile. Do away with all the stress beads on your forehead and buy a maternity coverage, the right one! Yes, when you compare at PolicyBazaar you will see that there are finer points between various plans that can make a lot of difference during claim time. So, to avail the benefits of maternity coverage you should compare the health and other maternity insurance plans and choose the one that fits your needs the best. Maternity insurance coverage is usually a part of health insurance policy.

Get More Knowledge base on Maternity Insurance Here

Choose wisely and enjoy parenthood!

And, one more thing, once you have a baby then don’t forgot to check our child insurance plans.

PolicyBazaar is with you, always!

What is Maternity Coverage?

Ans:

For most of the health insurance plans, pregnancy related expenses are treated as an exclusion. Maternity coverage comes as an add-on or a rider to a health insurance policy and provides for the same.

Why do I need Maternity Coverage?

Ans:

Giving birth to a child is becoming costly day by day. Besides, complications can arise at any time throughout pregnancy especially at the time of childbirth. A maternity coverage provides a financial cushion for such unforeseen events.

What does it Cover?

Ans:

Ideally a maternity coverage should provide for pre-natal and post-natal expenses, delivery expenses, Caesarean delivery, complications arising thereof, post-birth care and vaccination.

What should I look out for while buying Maternity Coverage?

Ans:

While buying a maternity coverage, you should take care of the waiting period. Only after a waiting period of 2 – 6 years, pregnancy related expenses start to get covered under a health plan. Another thing to look out for is the sub limit of the maternity coverage on the total sum insured.

What is expat maternity insurance?

Ans:

A maternity insurance which is purchased by expatriates is called maternity insurance. Expatriate is a person who lives in a country other than that of their citizenship. Usually, maternity insurance in India can be bought by expatriates also. There are no different guidelines for expatriate maternity insurance.

How to claim your Maternity cover?

Ans:

If you have completed waiting period which required getting maternity cover in your health insurance policy then you automatically become eligible to get maternity coverage. Check the list of network hospitals where you can avail cashless hospitalization benefits.

Usually insurance companies do not cover regular checkups, expenses on tonics and vitamins. Check the policy wordings to know more about maternity coverage.

Is IVF covered in policies that offer maternity benefits?

Ans:

No, IVF is not covered in policies that offer maternity benefits.

Why insurers impose a waiting period for maternity coverage?

Ans:

Unlike other ailments, maternity is a natural phenomenon and it is not a disease. Due to this reason, most of the insurance companies have a waiting period for maternity coverage. Usually, waiting period in maternity insurance is 3-4 years before the insurer starts offering benefits. Moreover, if you are a working woman, you should check that whether your company offers maternity in its group insurance plan or not. Most of the corporate health policies offer maternity benefits from the Day 1 and therefore, it is the best option. To learn more about maternity insurance and inclusions/exclusions. 

If I am a smoker and alcoholic and suffer from cancer or liver failure, will I be eligible to get health coverage?

Ans:

If according to a licensed doctor, cancer or liver failure is due to your smoking and alcohol habits, then you will not get coverage, otherwise you will be entitled to get health coverage.

In case of partial settlement can an insured claim for the balance amount?

Ans:

Usually, partial payments are made when complete documents are not submitted or for expenses which are not covered in the policy. In case of the former, if the requisite documents are submitted, a claim can be considered for the balance amount. 

What is capping in health insurance?

Ans:

Capping is the maximum amount one can avail under different heads covered in the health insurance plan, like room rent and ICU charges. If expenses come out to be more than the specified limit, then these are to be borne by a policyholder. 

How soon does the insurance coverage start?

Ans:

The coverage starts as soon as your documents are approved and your premium is received by the insurance company.

What is TPA?

Ans:

TPA or Third Party Administrator is a separate entity that processes medical claims or gives cashless services as the separate entity.

Articles

  • Starting a Family? Beware Of Private Health Insurance Waiting Period Pitfalls

    The reason why most of us think of investing in some of the best health insurance plans in India is because we do not want to be dependent only on the public hospital system. While buying a family health insurance plan, we all want to be treated by the best doctors, have shorter waiting periods, get a private bed rather than a general ward and the like. How health insurance helps? Buying a health insurance plan would be extremely beneficial, and those who are prone to health ailments due to age and Read More
  • 10 Ways to Keep the Family Healthy This Winter

    With the temperatures dropping down, clearly winters are here! Rather than making them gloomy and unhealthy, try turning them into one of the healthiest seasons for yourself and your loved ones. Finding ways to stay active during the winter is valuable. Listed below are ten ways to make sure that you do not hide away, but stay healthy and fit. 1. Exercising in winters: As the winters draw closer and the temperature gets low, you will start finding ways to hang-up on your workout and simply hibernate Read More
  • Personal Accident Cover: Benefits that are sure To Becharm You

    Life is indecisive. An unforeseen situation may come knocking on your door any time. One must buy insurance to protect oneself or loved ones against such adversities. While an adequate life insurance plan ensures the comprehensive financial safety of your family, health insurance plans assure quality health care for you and your family, keeping you on the safe side during medical emergencies. Is that enough or are we missing out on something important? Well, what if an accident or critical illn Read More
  • What are the Benefits of Buying Insurance Online?

    In one word, buying insurance products online is expedient, fast and cost-effective. By measuring the needs of its customers, insurers have made the insurance products that range from life to health, auto to travel- available online. Online insurance is one of the best ways to purchase insurance. Getting a policy is just a few clicks away now and one can buy it at any point of time, even in the comfort of your home. Advantages of Online insurance in a Broader Prospect: Purchasing Benefits The Read More
  • 4 Things You Shouldn’t Ignore While Buying Maternity Plans

    The moment you decide to enter parenthood; you start considering associated financial as well as health risks with maternity. Raising a child means a rise in expenses. Does your list include the medical expenses during maternity hospitalization or post delivery period? Have you planned your finance keeping the add-on expenses in mind after the arrival of your baby? If not, believe us, you should get started. While the initial anxiety parents may face will take days to ease, the one condition you need Read More

News

  • HDFC Ergo partners with ItzCash for its General Insurance Instruments

    General Insurance Provider HDFC ERGO has partnered with ItzCash, a digital payment company, to offer insurance plans through its physical retail outlets. This association is aimed at strengthening ItzCash's position in the financial market. This partnership will offer a wide variety of general insurance plans that will provide protection for various insurance needs, including motor, health, fire etc. These plans will be available with ease to the insurance buyers with ItzCash's broad network of distri Read More
  • Star Health Insurance to Launch Insurance Plan for Cancer Patients

    Star Health Insurance is looking forward to launching an insurance plan exclusively for cancer patients. At present, all health insurance products provide coverage to healthy individuals for any future medical expenses related to cancer. Anand Roy, CMO and Executive Director of Star Health Insurance, said that the objective is to launch disease-specific plans. The existing plans cater to healthy people who would enjoy insurance advantages in case they contract cancer. We are targeting to make changes in that Read More
  • IRDA Thumbs up to Reliance General Insurance for a Separate Health Insurance Arm

    Reliance General Insurance Company Ltd. has received the first level approval from Insurance Regulatory Development Authority (IRDA) to initiate a separate, new health insurance unit. On Monday, August 28th, IRDA in a board meeting gave approval to the insurer for a separate health insurance arm for its general insurance business. In general, the insurance business needs three levels of approvals to begin an operation, and there are two more to go for Reliance General Insurance Company. The comp Read More
  • Key Insurance Companies to Issue Cyber Insurance to Various Banks

    As the cases of cyber threats are rising, the insurance sector has witnessed 10-15 percent intake of cyber liability coverage. As per Sanath Kumar, CMD, National Insurance, they provide a variety of cyber insurance coverage to the banks, but cyber liability insurance is highly demanded. The cyber insurance sector has witnessed 20 percent hike in the Bajaj Allianz current fiscal. When it comes to rising cyber threats cases, the insurance sector has seen 10-15 percent intake of the cyber liabilit Read More
  • Insurance Industry Applauds the Declaration to Enhance Insurance Coverage under Pradhan Mantri Fasal Bima Yojana

    On Wednesday, the General insurance sector applauded the Union Budget 2017 and appreciated the governments' decision to hike the coverage under Pradhan Mantri Fasal Bima Yojana (PMFBY) from 30% to 40 % in 2017-18, and it will be increased from 40 percent to 50 percent in 2018-19. Spending on PMFBY by the government has been increased to Rs. 13,240 cr., the insurance industry believes that it is a great step, as it will provide insurance coverage to more farmers. G Srinivasan, CMD New India As Read More

What our clients say

Our partners
  • aegonlife
  • apollo
  • Aviva
  • Bajaj
  • baxa
  • cigna
  • edelweisstokio
  • exidelife
  • HDFC-ERGO
  • hdfcstandard
  • indiafirst
  • idbi
  • iffco
  • indiafirst
  • Kotak
  • liberty
  • lic
  • L&T
  • metlife
  • Max-Bupa
  • maxlife
  • Reliance
  • religare
  • royal
  • sahara
  • sbilife
  • star-health
  • Future Generali
  • oriental
  • universal Sompo
  • national
  • relianceGeneral
  • Kotak
  • United
  • digit
CIN: U74900HR2014PTC053454 Policybazaar Insurance Web Aggregator Private Limited, Registered Office no. - Plot No.119, Sector - 44, Gurgaon, Haryana - 122001
IRDAI Web aggregator License No. 06 License Code No. IRDAI/WBA21/15 Valid till 13/07/2018 Insurance is the subject matter of solicitation. Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the Insurer © Copyright 2008-2017 policybazaar.com. All Rights Reserved.